Quote:
Originally Posted by scho63
I hate to be a doomsday or naysayer but I am going to tell you that this is going to collapse.
This is complete horseshit. One guy who started and a limited few own nearly 20%.
The Feds are going to step in at some point and then the bottom drops out.
Too many of these too fast and too many scam artists. Doesn't mean you can't make money and a lot of it on the way up but I am hearing more and more stories of people unable to withdraw money.
Good luck to you all and be careful you are not the last one holding the match.
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That is only if you keep it on exchanges. If you have it in a hardware wallet, no issues. I am probably out some ethereum from yobit (an exchange alt coin trading site "wallet"), but I knew going in they are a shady ****ing site. I only transferred it to ethereum to withdrawal because I was trying to flip on some shady ICO's & penny alt coins. So I only kept $600 or so on there for shits and giggles. Keep what you can afford to lose on the exchange wallets. Keep the rest on Mycelium, Coinomi or even better a Trezor or Ledger Nano S.
Quote:
Originally Posted by scho63
limited few own nearly 20%.
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How is that any different than USD?